FML
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0.00% 13.5¢ focus minerals ltd

$450m in equity wasted, FML have spent the last decade drilling...

  1. Jasmin
    438 Posts.
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    13/06/24
    18:19
    Post #: 74303494
    $450m in equity wasted, FML have spent the last decade drilling holes so I’m not sure what you’re expecting with new results.
    The book value has $120m in exploration and evaluation assets built in. It reminds me of the 80s advertising for the Aero bar…..

    https://m.youtube.com/watch?v=Y3Dm0j_iWjk

    Bubbles of nothing that make it something

    or in Focus’s case, holes of nothing that makes up most of its balance sheet
    FML Price at posting: 15.5¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch. 1  Great analysis
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